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2022
Exports $26MWorld Rnk 7 / 168
Flag Rnk 824 / 1217
2022
Destination $842k United States
2021 - 2022
FASTEST GROWING MARKET $842kUnited States
2022
PRODUCT COMPLEXITY IN String Instruments0.51Rnk 362 / 1025
2022
Imports $23.1MWorld Rnk 13 / 209
Flag Rnk 898 / 1215
2022
Origin $1.42M China
2021 - 2022
FASTEST GROWING ORIGIN $1.42MUnited States
2022
ECONOMIC COMPLEXITY of Italy1.29Rnk 17 / 133

About

Exports In 2022, Italy exported $26M in String Instruments, making it the 7th largest exporter of String Instruments in the world. At the same year, String Instruments was the 824th most exported product in Italy. The main destination of String Instruments exports from Italy are: United States ($3.66M), Japan ($3.61M), Germany ($2.84M), Hong Kong ($2.68M), and France ($2.36M).

The fastest growing export markets for String Instruments of Italy between 2021 and 2022 were United States ($842k), Australia ($814k), and Netherlands ($366k).

Imports In 2022, Italy imported $23.1M in String Instruments, becoming the 13th largest importer of String Instruments in the world. At the same year, String Instruments was the 898th most imported product in Italy. Italy imports String Instruments primarily from: China ($7.23M), United States ($3.83M), Netherlands ($3.63M), Germany ($2.44M), and France ($1.94M).

The fastest growing import markets in String Instruments for Italy between 2021 and 2022 were United States ($1.42M), Germany ($683k), and Netherlands ($406k).

Latest Trends

March 2024

About

Overview In March 2024 Italy's String Instruments exports accounted up to €1.34M and imports accounted up to €1.08M, resulting in a positive trade balance of €255k. Between March 2023 and March 2024 the exports of Italy's   String Instruments have decreased by €-394k (-22.8%) from €1.73M to €1.34M, while imports increased by €337k (45.3%) from €743k to €1.08M.

Destinations In March 2024, String Instruments were exported mostly to United States (€240k), Japan (€185k), United Kingdom (€156k), France (€156k), and Hong Kong (€154k), and were imported mostly from Netherlands (€711k), Spain (€137k), France (€91k), China (€89.2k), and Germany (€42.8k).

Growth In March 2024, the decrease in String Instruments's year-by-year exports was explained primarily by a decrease in exports to France (€-127k or -91%), United Kingdom (€-56.6k or -51.2%), and Netherlands (€-17.6k or -45.2%). In March 2024, the increase in String Instruments's year-by-year imports was explained primarily by an increase in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (March 2023 - March 2024)€-394k(-22.8%)
IMPORT GROWTH (March 2023 - March 2024)€337k(45.3%)
MAIN DESTINATION (March 2024)United States€240k

This section shows String Instruments's exports and imports data at subnational level for Italy. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of String Instruments over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26M
IMPORTS (2022)$23.1M
NET TRADE (2022)$2.88M

In 2022, Italy exported $26M in String Instruments. The main destinations of Italy exports on String Instruments were United States ($3.66M), Japan ($3.61M), Germany ($2.84M), Hong Kong ($2.68M), and France ($2.36M).

In 2022, Italy imported $23.1M in String Instruments, mainly from China ($7.23M), United States ($3.83M), Netherlands ($3.63M), Germany ($2.44M), and France ($1.94M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Italy WERE (2021 - 2022):
United States$842k (29.9%)
Australia$814k (426%)
Netherlands$366k (377%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Italy WERE (2021 - 2022):
Japan-$1.91M (-34.6%)
Hong Kong-$658k (-19.7%)
Switzerland-$498k (-34.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Italy's main exporting competitors in String Instruments were:
China $527M
United States $146M
Indonesia $107M
In 2022, Italy's main importing competitors in String Instruments were:
United States $279M
Germany $91.7M
Japan $59.6M

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.13M
TOP IMPORT POTENTIALChina+ $1.17M

String Instruments’s highest export potential is United States. With an export gap of $1.13M.   String Instruments’s highest import potential is China with an import gap of $1.17M.

See methodology.

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